/cmmg/ - Commodities, Mining & Macro General

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Looks like US indices will enter a correction phase might strengthen the dollar and push PM's down, but if they extend the BTFP in March meeting, I think we're going to see ATH's for many commodities and a resurgence in inflation.

Looking at the inverted yield curve there is actually also a very real chance of a recession

Sure, but the yield curve could stay inverted for years, and even when the Fed begins cutting interest rates the PM markets keep on rallying for a few months before they correct and rebound after interest rates bottom.

just pointing out the predictive nature of the yield curve. Higher than 50% chance of a recession in the next 6-12 months imo

just pointing out the predictive nature of the yield curve.

Oh no I'm not arguing against that. I'm merely pointing out that the Federal Reserve cutting interest rates isn't so bad for PM and PM equities in the short term. Pic rel NEM and FedFunds rate.

Yeah PM and PM equities especially are actually pretty attractive to me here

Yup if the majors rally 30-40% while interest rates begin to come down, the juniors do a few 100% gains, of course we crash after that until interest rates bottom (as the crisis shows itself).

Or we keep crashing until sentiment bottoms

Or that yes.

MAU broke out today, and AMR crashed back to support. Any other interesting movers today?

Chalice Mining had a 24% pop today (yesterday Aussie time).

I noticed that too but for now I'm out of the name sadly. Wanted to time the PGMs better and had other plans for my portfolio.

It was a no brainer to me, T1 project $100M in cash meaning they don't need to raise capital for 2024 (hopefully), and the stock was down 90%.

I honestly need to take a closer look at their project when I have the time. I am a bit doubtful of its supposed tier 1 nature at least if they intend to mine most of that resource. The PEA numbers were distorted by them using extremely high nickel price assumptions north of $20k/t. But if they high grade it I think it may be tier 1, I just need to do some closer DD

I just need to do some closer DD

Yeah, I get your point.

Horse baggie copiun

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a stacker reclaimer that digs dirt out of the ground

honestly didnt realise these things existed until i played Rust. ive only ever seen these things on rails and had no idea they could do this

anyway, what narratives do you guys expect to play out of the next year or so? iron ore recovery, coal continue to get JUSTed, lithium bounce back, etc? ive been holding a uranium miner for the last few years but feel like the market is going to cool off for a bit

These people unironically think Barrick and Rio Tinto are interested in BHS.

I mean if they actually believe this... idk It's delusion on another level.

Who needs gold when we got a in effective way of moving money which cost $100s of dollars per transaction?

$2100 gold and $30 silver wen?

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uranium

Hmmmm....wish I had an account in good standing to blow some smoke up those asses

Kek El Salvador switched to Bitcoin to lower remittance costs (large amount of money in the country is brought in from family in America) and they ended up doing the opposite. But their president Bukele has laser eyes in his Twitter pic, so it’s all good.

Textbook depression due to living in a depraved and hopeless society.
But as with Germany in his time, there is hope.
Yes, I am something of a Nationalsocialist.

spot under $100 again

uraniumbros... we're having a rough time

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why didnt I buy crypto, someone tell me why

You are fated for a perpetual feeling of FOMO

tell me when gold will moon so my mining stocks will rise? I've been waiting for an eternity

Never.

ACK

Miners in Copler are will missing, I mean is this normal or is this rescue operation really slow?

My calendar has another modest disappointment penciled in this weekend. ID GET

GDXJ to 0